Third daily highlights of COP26

 


Welcome to our third daily broadcast from the floor of the negotiations at the UN Climate Change Conference in Glasgow.

 
Today’s theme, Finance, is part of the Exponential Climate Action Summit IV – brought to you live from Glasgow and our hubs in Nairobi, Washington DC, and Stockholm.
 
With: Keynote speeches from Helen Mountford, Vice President for Climate and Economics at the World Resource Institute; Carl Mellander, Senior Vice President and CFO of Ericson; Alva Jonevret, Business & Project Manager, Exponential Roadmap Initiative; and Anthony Moorhouse, co-founder of EarthTech.
 
Also: Panel discussions on carbon pricing and how finance could help drive climate action, with representatives from Nordea, Ericsson, Citizens’ Climate International, and many more.

A flood of announcements is made daily at the Climate Summit COP26 in Glasgow. Here are some we would like to share with you: 
  • New commitments from several countries to increase finance to support developing countries to deal with the impacts of climate change.
  • Exponential Roadmap Initiative launches the 1.5°C Supplier Engagement Guide to help suppliers halve their GHG emissions by 2030.
  •  Spoked persons send Climate Warning to the G20 nations, urging them to set an end date for fossil fuel subsidies.  Worth mentioning in this context is also the climate love sent to Steven Donziger for challenging the fossil fuel industry, and the Climate Warning directed at Shell and BP for having paid zero tax on North Sea gas and oil for three years.

    They also highlighted South Africa's pledge to phase out coal and 15-year-old Vinisha Umashankar's powerful speech at the Earth shot Prize Award.
  • Did you know that all our governments around the world actively support the destructive fossil fuel industry with $11 million in subsidies* — per minute! That means more than $50 billion since the start of the UN Climate Summit in Glasgow. To put that in perspective: It is half of the $100 billion in annual climate finance that is currently being discussed at the Glasgow summit.
     

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